Kyndryl drops as CFO departs amid reporting delay

Kyndryl Holdings

09/02/2026 12:04

Removes reference to FY 2025 statements in third bullet; this item was previously corrected for Chugh's designation

** Technology services company Kyndryl's KD.N shares fall 7.6% to $21.70 premarket

** Co unable to file quarterly report within deadline, citing material weaknesses in internal control over financial reporting

** CFO David Wyshner departs; Harsh Chugh, who is currently co's global head for corporate development and administration and was previously COO, to be interim CFO

** Co was scheduled to report Q3 2026 results on Monday

** Up to last close, stock has fallen ~46% in the last 12 months

 (Reporting by Anhata Rooprai in Bengaluru)

 ((Anhata.Rooprai@thomsonreuters.com))